Tower Research Capital LLC TRC Increases Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Tower Research Capital LLC TRC raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 346.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,132 shares of the construction company's stock after acquiring an additional 9,415 shares during the quarter. Tower Research Capital LLC TRC's holdings in Taylor Morrison Home were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TMHC. V Square Quantitative Management LLC raised its stake in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after buying an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $51,000. Smartleaf Asset Management LLC boosted its position in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares during the period. Finally, R Squared Ltd purchased a new position in Taylor Morrison Home during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday. Finally, Barclays set a $69.00 price target on Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $57.71 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. The stock's 50 day simple moving average is $59.14 and its two-hundred day simple moving average is $63.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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